FKLI and FCPO technical update

The FKLI is a market that has many people baffled.  It shows signs of an upward movement yet is conflicting some traditional technical indicators such as the 200 day moving average.  A trend line within the 1800 to 1850 box was tested and seems to be holding for the sellers.  

If the market were to go below 1670, the low in February, it would probably find some support.  At any rate the market is in a difficult place right now, trying to break upward but just not having the same follow through.



FCPO is an even more difficult market to analyse.  The recent swings in prices have been going from bearish to bullish in just a manner of a few days.  All I can see is that the market is neutral, having tested the lowest trend line but may encounter some resistance on the way up.  Volatility doesn't happen this often usually, so rest assured this movement is a rare occurrence.